TIC units have become a popular option as it provides a lower price point for first-time home buyers. With TIC units, you pay 10–20% less per square foot than a condo. Moreover, property tax is also reduced by 10–20%. So not only did you save on the cost of your unit, but you also saved a significant amount in your annual property tax.
Because Tenancy-In-Common is unique only to San Francisco, it is easy to get lost in the legal complexities concerning your property. And with several people involved, disputes and conflicts may arise. That is why TIC agreements are critical. It functions as a contract among co-owners establishing their respective obligations and regulations.
Tenancy-in-common, or tenants-in-common, is a form of shared ownership where tenants own part of the property but not all of it. In other words, if you and your friend have a property as tenants-in-common, you are both owners of the said property, and each has ownership rights.
Dollar per Square Foot is based upon the home’s interior living space and does not include garages, unfinished attics and basements, rooms built without permit, patios, decks or yards (though all those can add value to a home). These figures are usually derived from appraisals or tax records, but are sometimes unreliable (especially for older homes) or unreported altogether. The calculation can only be made on those home sales that reported square footage.
Diamond Heights is one of the smaller neighborhoods occupying an area of only 0.3 square miles. As a result, it is one of the least dense neighborhoods.
Located in the western part of the city, Outer Richmond in San Francisco is a large neighborhood occupying a surface area of 1.2 miles. Its population density is 16,246 people per square mile, lower than the overall population density of San Francisco's 18,879
Developing the Westwood Highlands neighborhood was a challenge due to its hilly terrain. But thanks to the well-established realtor of that time, Baldwin and Howell company, they used the elevation and natural topography to create a neighborhood that compliments the environment
The peaceful, laid-back Outer Sunset neighborhood enjoys beautiful ocean views and unspoiled beaches undisturbed by fast-paced city life.
December is typically the month that sees the year’s lowest level of deal-making activity – i.e. listings accepting offers (going into contract) – which leads to January usually posting the lowest monthly number of closed sales.
You have probably seen it, the colorful and historic Victorian row homes, houses with perfect views of the famous Golden Gate Bridge, and charming sidewalk cafes
